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Updated about 2 years ago, 10/21/2022

User Stats

389
Posts
193
Votes
Joshua Martin
  • Investor
  • Milwaukee, WI
193
Votes |
389
Posts

How important is follow up?

Joshua Martin
  • Investor
  • Milwaukee, WI
Posted

Hey BP,

  So that's my question: How important is follow up?

I know, I know, I know the general stats that everybody uses that 80% of the deals come after several follow ups, but I just want to know if this absolutely proves true in people's REI as well.

  With my old company I'll admit right out of the gate here that I sucked at it, probably because I was doing too many things and there weren't efficient and effective processes in place, and it's too easy to drop the ball when you're busy.

  Now that I'm starting in an acquisitions role with another existing company and building out some of the aspects of the role myself I'm just revisiting this question and trying to make a plan for it.

  And, given that you guys are likely to say it's essential, what is your approximate process? Do you try to automate most of it with mailer/RVM/SMS/email sequences?

  Okay thanks so much. And by the way, what happened to the old 'Marketing' tab in the forums. That one was my fav.

Best,

  JTM

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
4,138
Votes |
4,205
Posts
Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Replied
Quote from @Joshua Martin:

Hey BP,

  So that's my question: How important is follow up?

I know, I know, I know the general stats that everybody uses that 80% of the deals come after several follow ups, but I just want to know if this absolutely proves true in people's REI as well.

  With my old company I'll admit right out of the gate here that I sucked at it, probably because I was doing too many things and there weren't efficient and effective processes in place, and it's too easy to drop the ball when you're busy.

  Now that I'm starting in an acquisitions role with another existing company and building out some of the aspects of the role myself I'm just revisiting this question and trying to make a plan for it.

  And, given that you guys are likely to say it's essential, what is your approximate process? Do you try to automate most of it with mailer/RVM/SMS/email sequences?

  Okay thanks so much. And by the way, what happened to the old 'Marketing' tab in the forums. That one was my fav.

Best,

  JTM

 Tell you what, you do what you are doing now and then send them to me for the followup and we'll split the results.

User Stats

1,503
Posts
1,159
Votes
Nate Sanow
Pro Member
  • I​nvestor & Agent
  • Tulsa, OK
1,159
Votes |
1,503
Posts
Nate Sanow
Pro Member
  • I​nvestor & Agent
  • Tulsa, OK
Replied

There’s definitely some business I do not follow up to get. And, then, there is business I could have had, had I followed up more. It’s a little give and take in my opinion. 

  • Nate Sanow
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    User Stats

    9,861
    Posts
    5,543
    Votes
    Eliott Elias#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Investor
    • Austin, TX
    5,543
    Votes |
    9,861
    Posts
    Eliott Elias#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Investor
    • Austin, TX
    Replied

    Follow up is everything. I touch a lad 7 times before it converts